1.

Stock of stationery is which type of account​

Answer»

If you're USING stationery in your DAILY business, then you have a stock of it, so until it's used up, it's an ASSET (prepaid stationery). Once it's used up, it becomes an expense. SINCE stationery is usually a small amount, it's expensed right away so not to complicate the prepaid asset accounting.



Discussion

No Comment Found

Related InterviewSolutions